Cheniere Energy Partners to Post FY2018 Earnings of $2.27 Per Share, US Capital Advisors Forecasts (CQH)

Cheniere Energy Partners (NYSEAMERICAN:CQH) – Equities research analysts at US Capital Advisors increased their FY2018 earnings per share estimates for shares of Cheniere Energy Partners in a research report issued to clients and investors on Monday, May 14th. US Capital Advisors analyst J. Carreker now forecasts that the energy company will earn $2.27 per share for the year, up from their prior estimate of $2.16. US Capital Advisors also issued estimates for Cheniere Energy Partners’ FY2019 earnings at $2.27 EPS.

Cheniere Energy Partners (NYSEAMERICAN:CQH) last posted its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.02). The firm had revenue of $105.54 million during the quarter, compared to the consensus estimate of $119.95 million. Cheniere Energy Partners had a return on equity of 150,656.80% and a net margin of 99.47%.

A number of other equities analysts have also weighed in on the stock. Morgan Stanley upped their price target on shares of Cheniere Energy Partners from $26.00 to $28.50 and gave the stock an “equal weight” rating in a research report on Thursday, February 22nd. Barclays set a $32.00 price target on shares of Cheniere Energy Partners and gave the stock a “hold” rating in a research report on Monday, February 12th. Zacks Investment Research upgraded shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Citigroup upped their price target on shares of Cheniere Energy Partners from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, March 27th. Finally, JPMorgan Chase lowered shares of Cheniere Energy Partners from an “overweight” rating to a “neutral” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $30.83.

Cheniere Energy Partners opened at $27.95 on Thursday, according to MarketBeat Ratings. Cheniere Energy Partners has a 1-year low of $27.88 and a 1-year high of $27.97.

Several hedge funds have recently added to or reduced their stakes in CQH. Zimmer Partners LP lifted its holdings in shares of Cheniere Energy Partners by 4.5% in the fourth quarter. Zimmer Partners LP now owns 14,298,227 shares of the energy company’s stock worth $395,918,000 after buying an additional 621,253 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its holdings in shares of Cheniere Energy Partners by 50.3% in the first quarter. Kayne Anderson Capital Advisors LP now owns 1,111,210 shares of the energy company’s stock worth $30,676,000 after buying an additional 372,056 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Cheniere Energy Partners by 382.7% in the first quarter. Victory Capital Management Inc. now owns 454,499 shares of the energy company’s stock worth $12,549,000 after buying an additional 360,342 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Cheniere Energy Partners by 45.1% in the first quarter. Millennium Management LLC now owns 627,072 shares of the energy company’s stock worth $17,313,000 after buying an additional 194,945 shares in the last quarter. Finally, Tortoise Capital Advisors L.L.C. purchased a new position in shares of Cheniere Energy Partners in the first quarter worth $4,273,000.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 30th. Stockholders of record on Monday, May 21st will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 8.01%. The ex-dividend date of this dividend is Friday, May 18th. This is an increase from Cheniere Energy Partners’s previous quarterly dividend of $0.51.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners LP Holdings, LLC, through its interest in Cheniere Energy Partners, L.P., develops, constructs, owns, and operates liquefied natural gas (LNG) regasification facilities at the Sabine Pass LNG terminal located on the Sabine-Neches Waterway. It also owns a 94-mile pipeline, which interconnects the Sabine Pass LNG terminal with various interstate pipelines.

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